<Daily Summary> HSI Falls 356 Points; HSTI Declines 184 Points; XIAOMI Drops More Than 8%; BABA Decreases Over 3%; NETDRAGON, CGN MINING, WESTCHINACEMENT, HUA HONG SEMI, YUEXIUTRANSPORT Reach New Peaks; Market Activity Increases

The analyst rating from UBS for HANG SENG BANK is a "Sell" with a target price of $102. The reasoning behind this rating is based on the significant premium offered by HSBC for the acquisition, which UBS views as a potential short-term spike in the stock price following the announcement. However, UBS believes that the long-term outlook may not be favorable, as the privatization proposal requires approval from minority shareholders and the regulatory stance on the transaction has not yet been discussed. Despite the potential upside if the transaction proceeds, UBS's rating reflects caution regarding the overall implications of the privatization.

HANG SENG BANK (00011.HK) -9.100 (-7.404%) Short sellingxa0$520.55M;xa0Ratioxa041.642% 's 1H25 net profit amounted to $6.3 billion, down 22% HoH and 35% YoY, Citi Research issued a research report saying. Operating profit was $8.5 billion, down 16% HoH and 25% YoY, 14% below consensus expectation, mainly due to increased impairments. The main adverse factors in HANG SENG BANK's results were decline in net interest income and higher-than-expected credit costs, according to the report. The non-performing loans (NPL) ratio for Hong Kong commercial real estate increased by 5 ppts HoH to 20%. Related News HANG SENG BANK 1H25 NP Fades 30.5% to $6.88B, Below Forecast; 2nd Interim DPS $1.3 Higher-than-expected credit costs might bring short-term uncertainty for HANG SENG BANK, Citi Research added. The $3 billion share buyback will be welcomed by the market, but key focus may be on the outlook for credit costs. Therefore, the broker kept rating at Buy on HANG SENG BANK, with a target price of $135. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-30 16:25.)